Business News - Page 4

Bitcoin, Ethereum Flat, Dogecoin Dips Even As Trump Calls Crypto 'Popular:' Analyst Says BTC Build-up Good, Predicts ETH Uptrend After Fed Meet
2025-05-06

Bitcoin, Ethereum Flat, Dogecoin Dips Even As Trump Calls Crypto 'Popular:' Analyst Says BTC Build-up Good, Predicts ETH Uptrend After Fed Meet

Leading cryptocurrencies traded flat on Monday as uncertainty about tariffs calmed investors' risk appetite.CryptocurrencyGains +/-Price (Recorded at 8:45 p.m. ET)Bitcoin (CRYPTO: BTC)-0.26%$94,467.01Ethereum (CRYPTO: ETH) -0.25%$1,811.62Dogecoin (CRYPTO: DOGE) -1.00%$0.1697What Happened: Bitcoin wobbled between the mid-$93,000s and the early $95,000s, with the apex cryptocurrency hitting an intraday high of $95,193.19.Ethereum also experienced a choppy trading day as it wiggled in the $1,800 region. The second-largest cryptocurrency's trading volume rose 27% in the last 24 hours.President Donald Trump endorsed cryptocurrencies in an interview, deeming it a "popular" and "hot" sector.About $146 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $83.75 million.That said, over $500 million in Bitcoin shorts risked liquidation if the leading cryptocurrency rebounded to $97,000.The majority of Binance traders with open BTC positions placed bearish bets on Bitcoin, according to the Long/Short Ratio.On the other hand, the market sentiment shifted to "Greed," according to the Crypto Fear and Greed Index.Top Gainers (24-Hours)CryptocurrencyGains +/-Price (Recorded ...Full story available on Benzinga.com

Janus Henderson's Jeremiah Buckley: Outlook on AI infrastructure is still strong
2025-05-05

Janus Henderson's Jeremiah Buckley: Outlook on AI infrastructure is still strong

Jeremiah Buckley, Janus Henderson Equities portfolio manager, joins CNBC's 'Squawk on the Street' to discuss outlooks on tech, travel, and more.

Basic income support grant can address extreme poverty and inequality in South Africa—economic model shows how
2025-05-05

Basic income support grant can address extreme poverty and inequality in South Africa—economic model shows how

South Africa remains one of the most unequal countries in the world. The country's per-capita expenditure Gini coefficient, a measure of how spending from income is distributed, stands at 0.65. This puts it among countries with the most unequal distribution of spending globally.

University of Delaware President Dennis Assanis stepping down
2025-05-05

University of Delaware President Dennis Assanis stepping down

The departure of University of Delaware President Dennis Assanis means the four largest colleges in Greater Philadelphia will all be undergoing leadership changes within the span of 18 months.

Musk gets his Texas wish. SpaceX launch site is approved as the new city of Starbase
2025-05-05

Musk gets his Texas wish. SpaceX launch site is approved as the new city of Starbase

McALLEN, Texas (AP) — The South Texas home of Elon Musk’s SpaceX rocket company is now an official city with a galactic name: Starbase.

2025-05-05

SHAREHOLDER ALERT: Cable One, Inc. Investigated for Securities Fraud Violations by Block & Leviton; Investors Encouraged to Contact the Firm

BOSTON, May 05, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Cable One, Inc. (NYSE:CABO) for potential securities law violations. Investors who have lost money in their Cable One, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/cabo.What is this all about?Shares of Cable One, Inc. fell over 40% in intraday trading on May 2, 2025, after the company missed earnings expectations by nearly $8 and suspended its dividend. Analysts at Keybanc called the results "extremely dissapointing" and questioned the credibility of Cable One's management. Raymond James also criticized Cable One's management, claiming that "The results for Q1 were worse than expected, yet management was adamant they will see growth in both broadband top line revenue and ...Full story available on Benzinga.com

Trump threatens a 100% tariff on foreign-made films, saying the movie industry in the US is dying
2025-05-05

Trump threatens a 100% tariff on foreign-made films, saying the movie industry in the US is dying

NEW YORK (AP) — President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the U.S.

Elon Musk At Milken Conference: AI Will Replace Bloated, Inefficient Federal Gov't
2025-05-05

Elon Musk At Milken Conference: AI Will Replace Bloated, Inefficient Federal Gov't

Elon Musk At Milken Conference: AI Will Replace Bloated, Inefficient Federal Gov't Since President Donald Trump took office in mid-January, the Trump administration has employed Elon Musk's Department of Government Efficiency (DOGE) to streamline government operations. This initiative eliminates redundancies, fraud, and waste while leveraging artificial intelligence to automate and reduce bureaucratic inefficiencies.On Sunday, Elon Musk attended the closed-door Milken Institute Global Conference, where he provided further details on deploying AI to eliminate government inefficiencies, potentially replacing some public sector workers, according to Bloomberg, citing an attendee of the prestigious conference at the Beverly Hilton in Los Angeles.Musk told financier Michael Milken at the closed-door event, which tickets start at $25,000 and features high-level individuals, including US Treasury Secretary Scott Bessent, Nvidia's Jensen Huang, Citigroup's Jane Fraser, and Citadel's Ken Griffin, how AI will replace some of the federal government's workforce. Musk also spoke about his brain implant company, Neuralink, and the development of Starship at his rocket company, SpaceX.DOGE and the Trump administration bet that AI can replace a sizeable portion of the government workforce—particularly those in administrative, data processing, and customer service roles—to dramatically reduce federal payroll costs, eliminate inefficiencies, and modernize public services. Last week, the latest data from global outplacement and executive coaching firm Challenger, Gray & Christmas showed the government had led all sectors in job cuts this year, with 281,452 of those cuts attributed to DOGE-related cost-cutting.Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020 https://t.co/mPjuSJiyAH— zerohedge (@zerohedge) May 1, 2025In an interview, late last week on Fox News' Jesse Watters Primetime, DOGE staffer Edward Coristine, nicknamed "Big Balls," described some shocking examples of waste and mismanagement by unaccountable bureaucrats. EXCLUSIVE: @elonmusk and the @DOGE boys EXPOSE reckless spending at the @usedgov. Caesars Palace and stadiums were being rented out for parties on YOUR dime. pic.twitter.com/pShztaGrT5— Jesse Watters (@JesseBWatters) May 2, 2025Yet efforts to eliminate waste and fraud from the federal government have been met with intense opposition from the Democratic Party as the era of unchecked spending ends. Tyler DurdenMon, 05/05/2025 - 10:45

This Apple MacBook Air Is Only $200 For A Limited Time
2025-05-05

This Apple MacBook Air Is Only $200 For A Limited Time

Commerce Content is independent of Editorial and Advertising, and if you buy something through our posts, we may get a small share of the sale. Click here for more.Okay, so not everything in your life needs to be brand new. Sometimes, a lightly used MacBook from 2017 is all we need and that’s exactly what we have here. The 13.3" retina display laptop comes with 128GB of storage with 8GB of RAM. It uses an Intel Core i5 1.8GHz process so you can work through all your to-dos. The...Read more...

2025-05-05

A look inside a former CHEO Dream Home for sale in Ottawa - CTV News

A look inside a former CHEO Dream Home for sale in Ottawa CTV News

2025-05-05

Motor fuels distributor Sunoco to buy rival Parkland in $9 billion deal - Reuters

Motor fuels distributor Sunoco to buy rival Parkland in $9 billion deal ReutersSunoco to buy Parkland in $9 billion deal in Americas fuel supplier consolidation CNBCSunoco to Buy Canadian Fuel Seller Parkland for $9.1 Billion Bloomberg.comSunoco makes $7.7-billion bid for gas station owner Parkland The Globe and MailParkland Corporation to be Acquired by Sunoco LP PR Newswire

Eaton Analysts Increase Their Forecasts After Better-Than-Expected Q1 Results
2025-05-05

Eaton Analysts Increase Their Forecasts After Better-Than-Expected Q1 Results

Eaton Corporation (NYSE:ETN) reported better-than-expected first-quarter 2025 results on Friday.Revenue rose 7% year-over-year (Y/Y) to $6.38 billion, beating the consensus of $6.26 billion. Organic sales growth grew 9% Y/Y. Adjusted EPS rose 13% Y/Y to $2.72, beating the consensus of $2.71.Paulo Ruiz, Eaton president and chief operating officer, said, "Demand in our end markets continues to drive strong organic growth. As we look ahead, we're confident, even amid broader macroeconomic volatility, we're prepared to meet that demand with a proven strategy to invest in our businesses, drive operational excellence and continue our path of growth."For 2025, ...Full story available on Benzinga.com

Watch: China Hit By Worker Protests Over Unpaid Wages, Factory Shutdowns Amid Trump Tariffs
2025-05-05

Watch: China Hit By Worker Protests Over Unpaid Wages, Factory Shutdowns Amid Trump Tariffs

Watch: China Hit By Worker Protests Over Unpaid Wages, Factory Shutdowns Amid Trump Tariffs President Donald Trump’s hard-hitting tariffs on China appear to be taking a toll, disrupting Chinese factories and sparking worker protests over unpaid wages.As we noted late last month based on reporting by the Financial Times, factories across all of China have begun shutting down and furloughing workers "as the trade war unleashed by US President Donald Trump dries up orders for products ranging from jeans to home appliances."With most Chinese goods now facing US duties of at least 145%, or simply lacking the raw materials needed to process goods and sent them onward to the US, Chinese factory owners told the FT that American customers have cancelled or suspended orders, forcing them to cut production.With about 15% of all Chinese exports last year going to the US...... and with China increasingly transshipping billions of goods to the US using such (formerly) untariffed venues such as Vietnam... .... it is not all surprising that as China's largest trading partner halts most imports, pain would be pervasive. And it is: in interviews with the Financial Times and via dozens of social media posts, workers shared pictures of quiet production lines or factory suspension notices, highlighting how the tariffs are starting to bite.Now, according to Radio Free Asia, protests are erupting across China - from Hunan’s Dao County to Sichuan’s Suining City and Inner Mongolia’s Tongliao. Hundreds of enraged workers are storming the streets, blasting unpaid wages and wrongful firings as factories collapse under the crushing force of President Trump’s relentless U.S. tariffs, the news outlet said.One video shared to X showed angry workers shouting “Strike! Strike!” while protesting outside the Shangda Electronics’ factory in Suining city on Sunday.【中国多地传出讨薪、罢工维权运动】中国经济下行,加上美国对中国产品祭出高额关税,内外夹击下,社交平台X及Youtube帐号“昨天” @YesterdayBigcat 近日上传多起中国各地拖欠薪资,员工讨薪和罢工争取权益的案件。#中国经济 #下行 #欠薪 #罢工 #农民工 pic.twitter.com/FQqclPMNsX— 自由亚洲电台 (@RFA_Chinese) April 29, 2025Radio Free Asia also reported:Last week, on April 24, hundreds of workers of Guangxin Sports Goods in Dao county went on strike after the company’s factory was shut down without paying employees their compensation or their social security benefits.Workers at the company’s factory, which produces sports protective gear and related accessories, said Guangxin Sports unfairly dismissed more than 100 female employees, aged over 50 years, in September 2024 on the grounds of “reaching retirement age,” without paying them their wages or guiding them on retirement procedures.When Radio Free Asia contacted Guangxin for a comment, a male employee at the company immediately hung up the phone on hearing the word “reporter.” The Dao County Labor and Social Security Bureau told RFA that “Guangxin still has dozens of employees operating.”Elsewhere in Inner Mongolia, many construction workers gathered on the rooftops of Jincan Royal Garden Community in Tongliao city on April 25 where they threatened to jump off the building if they were not paid the back wages they were due, another video posted on the same X account showed.Of note, Goldman Sachs warned last month that Trump’s tariffs put roughly 16 million jobs in China at risk, saying that the increases will “significantly weigh on the Chinese economy.” In April, China’s manufacturing activity plunged more than expected to a 16-month low, entering into contractionary territory, with the official purchasing managers’ index sinking to 49.0. “The sharp drop in the PMIs likely overstates the impact of tariffs due to negative sentiment effects, but it still suggests that China’s economy is coming under pressure as external demand cools,” said Zichun Huang, China economist at Capital Economics, wrote.After Trump shocked the world by imposing a 145% tariff on Chinese imports, Beijing countered with 125% duties on U.S. goods. Trump claims negotiations with Chinese officials are underway, but China’s Foreign Ministry has rejected these assertions, dismissing them as “unfounded.” The White House has defended the tariffs as a necessary measure to protect U.S. workers and address China’s trade practices, though economists warn of rising consumer prices and potential economic disruptions. Bloomberg News reported this week that China has quietly lifted $40 billion in retaliatory tariffs on 131 U.S. import items, including pharmaceuticals and industrial chemicals.In a Sunday interview with Fox News, Trump said that he will not lower tariffs on China to entice Beijing to negotiate."They said today they want to talk. Look, China, and I don't like this. I'm not happy about this. China's getting killed right now," Trump told host NBC's "Meet The Press" host Kristen Welker. "They're getting absolutely destroyed. Their factories are closing. Their unemployment is going through the roof. I'm not looking to do that to China now. At the same time, I'm not looking to have China make hundreds of billions of dollars and build more ships and more Army tanks and more airplanes.""You're not dropping the tariffs against China to get them to the negotiating table?" Welker asked."No,” the president replied. Tyler DurdenSun, 05/04/2025 - 22:45

Apartment project on ex-church site secures $65 million construction loan (Photos)
2025-05-05

Apartment project on ex-church site secures $65 million construction loan (Photos)

The seven-story project is on a former church site.

Palantir, AMD, Disney top the week's earnings
2025-05-05

Palantir, AMD, Disney top the week's earnings

The big question: Can the S&P continue its yowza streak?

My Turn: Choosing money over life brings trouble
2025-05-05

My Turn: Choosing money over life brings trouble

I am interested in the illusion of worth that money gives to individuals since money in and of itself is dead. It is comprised of metal or pieces of paper mixed with cloth. It is only the human agreement as to how much the paper or metal is worth that allows us to purchase objects with it. On the other hand, people, animals, plants, the earth are alive. We and they have inherent value. When people choose money over life, we are all in trouble.

My Turn: Protect voting for all eligible citizens
2025-05-05

My Turn: Protect voting for all eligible citizens

Americans’ voting rights are under assault from pending legislation and a presidential executive order. Led by the League of Women Voters (LWV) and the American Civil Liberties Union (ACLU) Americans are fighting back against attempts to make it harder for millions of eligible voters to have their voices heard.

2025-05-05

AP Business SummaryBrief at 10:34 p.m. EDT

How the stock market made back all its losses after Trump escalated the trade war

Student loan collections restart for more than 5 million borrowers in default
2025-05-05

Student loan collections restart for more than 5 million borrowers in default

The U.S. Department of Education will resume collecting on defaulted student loans on Monday. More than 5 million borrowers are currently in default, and that total could swell to roughly 10 million borrowers within a few months, according to the Trump administration. The federal government has extraordinary collection powers on its student loans and it can seize borrowers’ tax refunds, paychecks and Social Security retirement and disability benefits.The U.S. Department of Education is set to restart collection efforts on defaulted student loans on Monday — putting millions of borrowers at risk of wage garnishment and other consequences.The federal government has extraordinary collection powers on its student loans and it can seize borrowers’ tax refunds, paychecks and Social Security retirement and disability benefits.More than 42 million Americans hold student loans, and collectively, outstanding federal education debt exceeds $1.6 trillion. More than 5 million borrowers are currently in default, and that total could swell to roughly 10 million borrowers within a few months, according to the Trump administration.The Trump administration has been critical of former President Joe Biden’s student loan relief efforts, questioning the logic of directing financial resources at those who’ve benefited from a college degree.“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” said U.S. Secretary of Education Linda McMahon in a statement.More from Personal Finance:Is college still worth it? It is for most, but not allHow to maximize your college financial aid offerWhat student loan forgiveness opportunities remain under TrumpBorrowers face plan changes, long waits for helpCollection activity on federal student loans has mostly been paused for half a decade. During that period, there have been sweeping changes and disruptions to the lending system.Millions of borrowers who signed up for the Biden administration’s new repayment plan, known as SAVE, were caught in limbo after GOP-led lawsuits managed to get the plan blocked in the summer of last year. Many of those borrowers will now have to switch out of a Biden-era payment pause and into another repayment plan that will spike their monthly bill.In recent months, the Trump administration has eliminated the forgiveness provision from some student loan repayment plans.It also terminated staff at the Education Department, including many of the people who helped assist borrowers. Now some student loan borrowers report waiting hours on the phone before being able to reach someone about their debt. (The Trump administration has told defaulted borrowers to contact the department for options on getting current.)“The timing of the layoffs is unfortunate, given the need for borrowers to get help,” said higher education expert Mark Kantrowitz, who added that he’s heard from people stuck waiting on hold as long as eight hours to speak with someone at the department or their loan servicer.Borrowers in default may see credit scores declineRestarting collections while the federal student loan system is facing so much uncertainty “will further fan the flames of economic chaos for working families across this country,” said Mike Pierce, the executive director of the Student Borrower Protection Center.In addition to garnished paychecks and benefits, the millions of borrowers who are already late on their payments may see their credit scores tank by as much as 129 points as the Education Department ramps up collection activity, VantageScore recently wrote.Meanwhile, the Federal Reserve predicted in March that some people with a delinquency could see their scores fall by as much as 171 points. Credit scores typically range from 300 to 850, with around 670 and higher considered good.Lower credit scores can lead to higher borrowing costs on consumer loans such as mortgages, car loans and credit cards.“We’ve been seeing clients with delinquent accounts who reached out after noticing a drop in their credit scores,” said Carolina Rodriguez, director of the Education Debt Consumer Assistance Program in New York.She said one client hasn’t made a payment on her student debt since last year because she can’t afford her $200 monthly bill.“She’s making $45,000 and living in New York City,” Rodriguez said. “Every month, she’s in the red.”

2025-05-05

Dollar under water as surge in Taiwan dollar spills over - Reuters

Dollar under water as surge in Taiwan dollar spills over ReutersDollar’s Decline Is Fueling Dislocations Across Asian Currencies Bloomberg.comUh-oh, the Taiwanese dollar is having a mad one Financial TimesSurging TWD fuelling revaluation talk Forexlive | Forex News, Technical Analysis & Trading ToolsUS dollar to dip below NT$30: expert Taipei Times

Why biotech firm Windtree Therapeutics is buying a 436-unit apartment complex
2025-05-05

Why biotech firm Windtree Therapeutics is buying a 436-unit apartment complex

Windtree Therapeutics' CEO explains the strategy behind the biotech company's surprising $43 million apartment complex acquisition.

Block, Becton Dickinson And Pilgrim's Pride Are Among Top 10 Large-Cap Losers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?
2025-05-04

Block, Becton Dickinson And Pilgrim's Pride Are Among Top 10 Large-Cap Losers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?Block, Inc. (NYSE:XYZ) shares tumbled 19.90% after the company reported worse-than-expected financial results. Analysts slashed the price forecast on the stock.Lineage, Inc. (NASDAQ:LINE) shares fell 18.93% after reporting worse-than-expected first-quarter sales results. Some analysts lowered the price forecast on the stock.Becton, Dickinson and Company (NYSE:BDX) stock dipped ...Full story available on Benzinga.com

Dave Ramsey bluntly warns Americans on 401(k)s, market swings
2025-05-04

Dave Ramsey bluntly warns Americans on 401(k)s, market swings

The bestselling author and podcaster explains the most powerful wealth-building tool and how to make the most of it.

2025-05-04

Kidnappers in France target cryptocurrency entrepreneurs for ransom - NPR

Kidnappers in France target cryptocurrency entrepreneurs for ransom NPRFather of crypto entrepreneur rescued from kidnappers after having finger severed CNNFrench police investigate spate of cryptocurrency millionaire kidnappings The GuardianKidnapped father of French crypto-millionaire rescued BBCAbducted dad of crypto firm boss freed in French police raid Le Monde.fr

2025-05-04

AP Business SummaryBrief at 10:42 a.m. EDT

How the stock market made back all its losses after Trump escalated the trade war

2025-05-04

Amid Cinco de Mayo celebrations, a tax on Mexican tomatoes looms

Guacamole has been spared from tariffs for now. But salsa may not be so lucky. While threatened tariffs on Mexican avocados have been put on pause, the U.S. government plans to put a nearly 21% duty on fresh Mexican tomatoes...

Pookie is SOS Pet of the Week
2025-05-04

Pookie is SOS Pet of the Week

This beautiful girl was found in the parking lot at SOS Animal Shelter hiding in the drain.

2025-05-04

As A Chicken Nugget Fanatic, I Tried These Nuggets From 5 Popular Fast-Food Chains — Here's My Definitive Ranking - BuzzFeed

As A Chicken Nugget Fanatic, I Tried These Nuggets From 5 Popular Fast-Food Chains — Here's My Definitive Ranking BuzzFeed

Royal Caribbean cruisers demand key ban extend to all cruise lines
2025-05-04

Royal Caribbean cruisers demand key ban extend to all cruise lines

Many cruisers think that all major cruise lines should work together to enforce this ban.

2025-05-04

Warren Buffett sends strong message on trade, tariffs - TheStreet

Warren Buffett sends strong message on trade, tariffs TheStreetBerkshire meeting updates: Buffett proposes Abel become CEO, talks trade policy, market volatility CNBCWarren Buffett Steps Down as CEO—and Other Key Takeaways From Berkshire's Annual Meeting InvestopediaWarren Buffett says United States shouldn't use 'trade as a weapon' Financial PostThrongs of admirers fill an arena to get Warren Buffett’s take on tariffs and Berkshire Hathaway CityNews Halifax

Warren Buffett sends strong message on trade, tariffs
2025-05-04

Warren Buffett sends strong message on trade, tariffs

The Oracle of Omaha discussed the trade war at Berkshire Hathaway's annual conference.

2025-05-04

Republicans Want You to Pay More at the Pharmacy — Or Die - Rolling Stone

Republicans Want You to Pay More at the Pharmacy — Or Die Rolling StoneHospitals begin to grapple with tariff fallout AxiosTariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China FortuneIs the Trump Administration About to Cause AbbVie, Eli Lilly, and Johnson & Johnson Stocks to Crash? The Motley FoolTrump hints at tariff reprieve for pharma companies that bring operations back to US The Guardian

2025-05-04

The Sweet Sorrow Of Warren Buffett's Parting

The Sweet Sorrow Of Warren Buffett's Parting Submitted by QTR's Fringe FinanceIt’s poetic that Warren Buffett is now stepping down at Berkshire Hathaway after one of the most extraordinary investing careers in modern history.I’ll save you the adulation for his investing acumen and commitment to high-quality American companies, as the financial news will be replete with these testimonials for the foreseeable future.I’ve occasionally tried to shine a slightly different light on Buffett because, in addition to being a savvy investor, he was also a tremendous beneficiary of monetary policy that simply kept markets moving higher over time. But don’t get me wrong: Buffett’s knack for outperforming the overall market undoubtedly solidifies him as legend.He’s also far more of a shark than most people believe him to be. Some of the stories that get passed around in the financial underworld paint a very different picture of Warren Buffett than the jolly old man happy to sit and laugh with Becky Quick. His patience was unmatched, and his ability to leverage his brand into extraordinarily favorable transactions with companies who desperately needed capital became the best self-fulfilling prophecy investment tool there ever was.Because Buffett had all the capital and all the brand equity in the world—and because his cheery demeanor belied his ruthless style—companies sought him out not only when they needed capital, but also a vote of confidence.As I reflect on it now, Buffett was the perfect balance of cutthroat investor and public relations polish. And whether his “never bet against America” shtick was honestly how he felt or not, it was instrumental in driving decades of goodwill toward the American financial system. He was the cornerstone of the list of reasons people globally wanted to invest in American exceptionalism.Buffett put an investing face to many of the greatest American companies in history. Names like Bank of America, Coca-Cola, McDonald’s, American Express, and Apple all became widely accepted as “blue chips,” with some measure of Warren Buffett’s help, as his image and likeness acted as liaison between major corporations and Main Street investors.But while many people will spend today celebrating his legendary career and speculating about the future of Berkshire Hathaway, to me the timing really does make it feel like sweet sorrow.As everybody knows, Berkshire is flush with almost $350 billion in cash. Media has harped on how large its cash position has gotten and everyone has speculated about how and when it said cash may be deployed. Ergo, one way to look at Berkshire today is that the company is waiting to pounce on the next great opportunity. But another way to look at it is that, sadly, there’s nothing worth buying. Buffett’s legacy will not be a couple of major parting investments in America, or in up-and-coming U.S. companies as he has preached, but rather a declaration that there simply isn’t anything out there that deserves his capital right now.At the same time, a broader debate is raging in the country about whether or not our productive capacity and manufacturing ethos have been stripped from our nation. There’s no more hotly contested topic right now than our nation’s major trade imbalance and our fiscal policy of exporting printed U.S. dollars while importing an unsustainably high quality of life—fueled by a growing debt pile and major fiscal deficits.🔥 Enjoying this article? Get 50% OFF FOR LIFE: Using this coupon entitles you to 50% off an annual subscription to Fringe Finance for life: Get 50% off foreverThe country that helped make Berkshire Hathaway early on was a country rooted in manufacturing and production. Early on, Buffett acquired Nebraska Furniture Mart, a family-run business, and See’s Candies, an American manufacturer and distributor of candies founded in California in 1921 — quintessential American manufacturing and sales.Before quantitative easing distorted markets to the point where they are expected to trade at 30x earnings at all times—for no reason other than “unlimited” fiat liquidity from lax central bank policy—companies actually needed to generate a profit and produce goods in order to be successful. And Buffett’s knack was identifying these fairly priced, cash-generative companies with great growth potential.Nowadays, all companies need to be successful is to get a semi-unvetted listing anywhere on any U.S. stock market through a SPAC, burn through tons of cash while lying about their future prospects, and sell as much equity as possible to financial institutions that will eventually be bailed out for their poor decisions. In the year 2025, the Fed is the rising liquidity tide lifting all dogshit company boats.When Berkshire was making the meaningful investments that turned it into the monolith it is today, money was sounder, markets were less distorted, and investing required far more calibration toward value and actual analysis. Now, the stock market has simply become an out-of-control casino where valuations, prices, and financial metrics don’t matter—and liquidity is, to quote Fed Governor Neel Kashkari, “infinite.”Austrian-focused market analysts like myself have argued that there will be a large price to pay for how distorted our public markets have become. I’ve also argued that the gutting of our nation’s productive capacity and manufacturing base, as well as our commitment to borrowing, can’t and won’t last forever.But as everybody has sat around waiting for us “broken clocks” to eventually be proven right by some exogenous, catastrophic financial unknown, the market has slowly been mutating into an entity that may never be “cheap” again—because all semblance of value investing and active management have been replaced in favor of bullshit CEO storytelling, a relentless passive bid and 0DTE option gamma acting as the tail that wags the market dog.Whether intentional or not, Buffett’s retirement personifies just how distorted our markets have become and how different the playing field is now than it was 50 years ago. Maybe it’s nothing more than a coincidence that Buffett is going out with a large cash pile and no new major investments at a time when manufacturing in our country has never been more on the ropes. But for me, I’m equal parts in a state of reverence for all Buffett accomplished, and saddened by the “between the lines” commentary his retirement makes about the state of the country and the market today.It’s easy to crown Buffett as the best that’s ever done it—I don’t think anybody will argue that. But there is an underlying Shakespearean-style tragic element to the timing of his stepping down — one that silently tugs at me in the background, suggesting that the days of investing exceptionalism and of true grit, promise, productivity, and manufacturing in America—are behind us.Now read:Is This the Man Who Created Covid-19 In Fauci’s US Lab?Is Bitcoin Ready To Retire Gold?Sweet Fictitious Ignorant BlissThe Assault on Substack Takes Predictable ShapeUncertainty Is "Paralyzing" For MarketsQTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important. Tyler DurdenSun, 05/04/2025 - 10:30

Americans Value Health & Family Above Everything
2025-05-04

Americans Value Health & Family Above Everything

Americans Value Health & Family Above Everything Amid all the distractions offered by smartphones, social media and the constant stream of information we’re all inundated with these days, it’s sometimes hard to focus on the truly important things in life. But what are those things? While the answer to that question is highly individual, Statista's Felix Richter reports that there are some core values that unite many people. You will find more infographics at StatistaAccording to Statista Consumer Insights, Americans largely agree on family and health being among the most important things in life, while making money, personal growth and a career are also high on the list of thing Americans value most in life. Tyler DurdenSat, 05/03/2025 - 22:45

Ukraine Says It Shot Down Russian Fighter Jet From Sea Drone For First Time
2025-05-04

Ukraine Says It Shot Down Russian Fighter Jet From Sea Drone For First Time

KYIV, May 3 (Reuters) – Ukraine destroyed a Russian Su-30 fighter jet using a missile fired from a seaborne drone, Ukraine’s GUR military intelligence agency announced on Saturday, in what it said was the...

2025-05-04

AP Business SummaryBrief at 10:36 p.m. EDT

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

Banksy's 'Broken Heart' painting defaced on a Brooklyn wall is up for sale
2025-05-04

Banksy's 'Broken Heart' painting defaced on a Brooklyn wall is up for sale

The family that owns the artwork says they are honoring their father, who died from a heart attack, by donating some proceeds to the American Heart Association.

Employees at Austin Alamo Drafthouse Location Vote to Unionize
2025-05-04

Employees at Austin Alamo Drafthouse Location Vote to Unionize

The SlaughterHouse United group called the election “the result of four months of hard work and outreach by organizers.”

Nuclear Deterrence Requires Only Dozens Of Warheads - Not Thousands
2025-05-04

Nuclear Deterrence Requires Only Dozens Of Warheads - Not Thousands

Nuclear Deterrence Requires Only Dozens Of Warheads - Not Thousands Via Brian McGlinchey at Stark RealitiesOver the next decade, the US government plans to spend nearly $1 trillion on its nuclear arsenal — with the actual cost certain to run even higher than that. The huge outlay is driven in part by the sheer size of America’s doomsday-weapon collection, which comprises an estimated 3,700 deployed or stockpiled nuclear warheads, not counting another 1,500 that are purportedly “retired” and awaiting dismantlement.Though Americans have been conditioned to think it’s reasonable to maintain such a large arsenal, the idea that thousands of warheads are required to deter nuclear aggression rests on flawed thinking about the nature of deterrence. While defense contractors and military bureaucracies enriched by the status quo will tell you otherwise, the truth is that an adequate arsenal of nuclear warheads can be measured not in thousands, but mere dozens.During the Cold War, two successive doctrines guided nuclear war strategy. First came Massive Retaliation, which rested on the threat of a disproportionate, devastating nuclear response to either conventional or nuclear aggression. That gave way to Mutual Assured Destruction (MAD), in which any nuclear attack was guaranteed to escalate to the point where both countries are completely destroyed.Both doctrines shared a cornerstone premise -- that effective, credible deterrence requires the capability to completely destroy the opposing country. That’s the wrong yardstick. Deterrence is achieved by the ability to impose an intolerable level of retaliatory destruction on a country that’s contemplating a nuclear first-strike -- a threshold far lower than border-to-border annihilation.For perspective, in World War II, Russia and China each suffered roughly 20 million total civilian and military deaths. The same unfathomable fatality counts that spanned several years in World War II can be achieved in mere minutes with only 20 modern nuclear warheads -- 15 striking Russian cities and only five hitting the more densely-populated cities of China, according to calculations by University of Maryland professor Steve Fetter.If the United States chose to opt against the morally-repugnant targeting of population centers with little military significance (that is, cities similar to Hiroshima and Nagasaki), a second-strike could instead vaporize the enemy’s economy, targeting power generation, refinery complexes and vital ports (though even these nuclear attacks would inflict civilian death on a huge scale, not only from the blasts but also the economic destruction). Here, Fetter calculates 100 detonations would suffice.The fatalities and destruction associated with either of those two targeting scenarios that pursue some level of societal devastation -- so-called “countervalue targeting” -- are well beyond what any foreign ruler would consider tolerable, suggesting that the anticipation of even one or two second-strike warheads would be sufficient to deter an adversary from striking first.Note, this approach to deterrence, which focuses on the power to retaliate and inflict “intolerable” destruction, does not require adversaries with high moral character. It matters little whether an opposing ruler regards his citizens with loving empathy or depraved indifference. Rulers are ultimately driven by self-interest -- and no leader can expect his hold on power to survive a nuclear gamble that brings about the vaporization of cities or irreplaceable economic assets in his own country. (Indeed, there may be no “power” to hold on to.) As political scientist Kenneth Waltz wrote in a milestone 1990 paper that promoted the peacekeeping value of nuclear weapons while making the case that small arsenals are sufficient, “Rulers like to continue to rule.”Given these realities of deterrence, the size of an adversary’s nuclear arsenal has no bearing on the appropriate size of America’s. “So long as two or more countries have second-strike forces, to compare them is pointless,” wrote Waltz. “If no state can launch a disarming attack with high confidence, force comparisons become irrelevant...beyond a certain level of capability, additional forces provide no additional coverage for one party and pose no additional threat to others.”In contrast to countervalue targeting, “counterforce targeting” aims to inflict military defeat by destroying a large, diverse array of military targets, such as missile silos, bomber and submarine bases, command and control facilities, and conventional forces.Counterforce-targeting is what led both America and Russia to amass far larger arsenals than that of any other nuclear-armed country. Beyond the elevated general risk associated with securing, transporting, maintaining and training with these large volumes of warheads, the mutual targeting of nuclear weapon delivery platforms pursuant to counterforce doctrine encourages first strikes -- launched out fear that an opponent’s first strike would render one’s own weapons unusable.Aside from the heightened risk of miscalculations during crises and accidental explosions during peace, America’s outsized nuclear arsenal threatens national security in a way that has nothing to do with mushroom clouds -- by nudging the United States further along its path to financial catastrophe. As then-Chairman of the Joint Chiefs Mike Mullen warned in 2010, “The most significant threat to our national security is our debt.” His statement came when the national debt was only about a third of its current $36.8 trillion.Of the trillion dollars to be spent on nuclear weapons through 2034, $460 billion will be spent on a “modernization” program that encompasses warheads, missiles and silos and submarines. Of that, the Pentagon expects to spend $120 billion to replace the current generation of land-based, Minuteman III ICBMs with Sentinel ICBMs made by Northrop Grumman. Last year, the Air Force notified Congress that the Sentinel program would cost 37% more than the previous estimate, and take two years longer to implement. If the history of Pentagon weapon procurement is any guide, we can count on more such announcements in the coming years.Considered in the context of second-strike deterrence, the Sentinel program is particularly exasperating. Given their fixed locations in satellite-observable silos, land-based ICBMs represent the most vulnerable leg in the nuclear-arms triad, which also includes bombers and submarine-launched missiles. Put another way, it’s the leg that does the least to convince a nuclear adversary that the United States has a guaranteed second-strike capacity -- which is the only strike capacity that matters. At the same time, land-based ICBMs are a magnet for enemy missiles, with one study suggesting nuclear strikes on US ICBMs could kill 300 million people across North America. Hiding in plain sight: Land-based ICBMs -- like this one near Monarch, Montana -- comprise the most vulnerable leg in the nuclear triad (via Moose Radio 94.7)In February, President Trump expressed dismay at the ongoing development of new nukes:“There’s no reason for us to be building brand new nuclear weapons. We already have so many. You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they’re building nuclear weapons.”Trump’s remarks came as he expressed interest in opening new arms control negotiations with Russia and China. That’s a noble pursuit, but when a second-strike capability is all the United States needs for defense, a case can be made for blazing a unilateral path toward rational and frugal nuclear deterrence -- particularly when you consider the dangerously destabilizing nature of a huge arsenal built for counterforce targeting.“There is no compelling military or strategic rationale for linking the size of U.S. nuclear forces to those of other nuclear weapon states,” wrote Fetter. “As long as the United States has enough survivable warheads to deter and respond to nuclear attacks, it should not matter how many weapons other countries have.” That’s not to discount the risk-reducing value of a far smaller Russian arsenal.Ballistic missile submarines -- like the USS West Virginia -- do the most to assure an enemy of America's second-strike capability (US Navy)Alas, any move toward a dramatically slimmer US nuclear warhead inventory will face fierce opposition from those who benefit from today’s emphasis on numerical superiority. The status quo is a prime example of the principle of “concentrated benefits and diffused costs.” Via both taxation and inflation, the $1 trillion cost of sustaining and upgrading the arsenal over the next 10 years will be spread across hundreds of millions of Americans, including many who haven’t been born yet. Shuffled into the $90 trillion the US government is projected to spend over that same period, the cost flies under the radar of everyday Americans, precluding major political opposition.The financial benefits, on the other hand, accrue to a relatively small number of stakeholders, from arms manufacturers to Pentagon and Department of Energy bureaucracies. The enjoyment of concentrated benefits incentivizes these stakeholders to fiercely defend the status quo, deploying a formidable influence arsenal that includes lobbyists, campaign contributions, the promises of jobs in 50 states and hundreds of congressional districts, and financial sponsorship of national security think tanks that steer policy.While those who are enriched by America’s excessive nuclear arsenal have the upper hand, the status quo is so dangerous and wasteful that Americans of all political leanings should unite in challenging it.Stark Realities undermines official narratives, demolishes conventional wisdom and exposes fundamental myths across the political spectrum. Read more and subscribe for free at starkrealities.substack.com Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge* * * Tyler DurdenSat, 05/03/2025 - 22:10

2025-05-04

Warren Buffett to retire later this year, ending run for an investing titan - The Washington Post

Warren Buffett to retire later this year, ending run for an investing titan The Washington PostBusiness leaders react to Warren Buffett stepping down as CEO of Berkshire Hathaway: ‘Only G.O.A.T’ Fox BusinessGreg Abel is the successor to Warren Buffett at Berkshire Hathaway. Here's how he got there CNBCValley Metro seeks community input for connecting major expansion projects YahooDes Moines resident to become Berkshire Hathaway CEO by end of year, Warren Buffett says The Des Moines Register

2025-05-04

Bitcoin’s recovery on track! THIS signals BTC’s potential for $100K breakout - AMBCrypto

Bitcoin’s recovery on track! THIS signals BTC’s potential for $100K breakout AMBCryptoBitcoin, XRP, and Other Cryptos Rally. Is $100K Next? Barron'sBitcoin Approaches $100,000 After Breaking Through 10-Week High Bloomberg.com1 Bullish Trend That Could Get Bitcoin Back to All-Time Highs The Globe and MailBitcoin closes above $95k and targets $100k as Altcoins show mixed signals KITCO

Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve
2025-05-04

Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve

New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races

New Data On Fossil Fuel Industry Emissions Could Play Pivotal Role In Climate Litigation
2025-05-03

New Data On Fossil Fuel Industry Emissions Could Play Pivotal Role In Climate Litigation

Climate litigation in the US has been ongoing for well over a decade. Various states, countries, and cities have filed claims against fossil fuel companies, alleging they should be held responsible for the economic harm they have caused. Primarily, the various plaintiffs say that the carbon dioxide released when fossil ... [continued]The post New Data On Fossil Fuel Industry Emissions Could Play Pivotal Role In Climate Litigation appeared first on CleanTechnica.

Nvidia and AMD Just Got Amazing News From Meta Platforms and Microsoft
2025-05-03

Nvidia and AMD Just Got Amazing News From Meta Platforms and Microsoft

Meta Platforms and Microsoft reported strong demand for AI solutions.

Central Texas Home Builders Association announces Parade of Homes winners
2025-05-03

Central Texas Home Builders Association announces Parade of Homes winners

The Parade of Homes, a free tour showcasing different homes in the Central Texas area, will continue its annual tour new and improved homes this weekend all across Central Texas.

Investors Are Piling Into This Hot New SPAC Stock Taking on MicroStrategy. Should You Follow Their Lead?
2025-05-03

Investors Are Piling Into This Hot New SPAC Stock Taking on MicroStrategy. Should You Follow Their Lead?

This company copies Strategy without the unnecessary burden of an actual business.

2025-05-03

Ranked: Per Capita Beer Consumption by Country - Visual Capitalist

Ranked: Per Capita Beer Consumption by Country Visual Capitalist

Berkshire shareholders are ‘stunned' as Warren Buffett announces plan to step down after 6 decades
2025-05-03

Berkshire shareholders are ‘stunned' as Warren Buffett announces plan to step down after 6 decades

OMAHA, Neb. — Berkshire Hathaway shareholders who came from around the world to Omaha for the conglomerate’s annual meeting this weekend had no idea how historic this year’s event would be.Warren Buffett, the billionaire and CEO who turned what was once a failing Massachusetts textile company into a $1.2 trillion titan, announced his intention to step down by the end of the year. The news astonished investors, whom Buffett has long characterized as partners in his value investing mission.“I’m stunned,” said Jim Ross, a bookstore manager and shareholder who lives four doors down from the “Oracle of Omaha” in the Dundee–Happy Hollow neighborhood of Omaha.Buffett ended the marathon-length question-and-answer session by saying he would ask to leave the chief executive post by the end of the year at Berkshire’s board meeting on Sunday. Buffett said he had only told two of his children who are also on the board before making the announcement on Saturday, and that it would be a surprise for other members.He had previously named Greg Abel, chief of Berkshire’s energy unit, as his successor. Buffett said he would remain with the business in some capacity.“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said, before adding that he has no intention to sell any Berkshire stock.CNBCWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.A 60-year runIf the board approves Buffett’s request, it will mark the end of the 94-year-old’s six-decade tenure at the helm. This year’s meeting, which annually draws tens of thousands of shareholders from around the world, highlighted his leadership with an exclusive book on the history of the firm. Berkshire auctioned signed copies, with the proceeds benefiting a local charity focused on the homeless community in South Omaha.The summit also included key changes that brought Buffett’s longevity to mind for shareholders like Grant Macklem, a Colorado Springs-based software engineer. Berkshire announced that Buffett would take questions for a shorter period than usual, and with a quicker break in between segments. There was also no introduction video, a component of the day that investors have come to love over the years.Macklem, who’s been an investor for about 15 years, said he wanted to come this year to ensure he could see Buffett at the head of the company at least one more time.“We could kind of see it coming someday, just, I didn’t expect it this year,” he said. But, “it’s better to have some announcement, some flow, some time to prepare for the markets, rather than a worst-case scenario.”Macklem said he considered adding to his stake ahead of the meeting, but didn’t get around to it. The 44-year-old said he’d consider picking up additional shares, which hit an all-time high in Friday’s session, if there’s any pullback next week.End of an era?Others who closely follow the company saw the writing on the wall. David Kass, a finance professor at the University of Maryland — who once held private lunches for his students and Buffett — said it became more likely after the chief executive began walking with a cane.Buffett’s earlier acknowledgement in the 2024 shareholder letter that it “won’t be long” before Abel would take over writing the annual memo further raised suspicion. He also mentioned his use of the cane in the letter, which was released in February.“The announcement memorializes some of what we already knew,” said Bill Stone, CIO at the Glenview Trust Company and a longtime shareholder. “Greg has effectively been running the operating businesses day to day. But he will also now take over capital allocation decisions.”While Berkshire attracts individual traders, the firm’s focus on value investing has also garnered dollars from bigger names. For those employing others’ capital, Berkshire’s succession plan has been an existential question that has loomed particularly large since the death of Charlie Munger, Buffett’s longtime friend and business partner, in 2023.“Berkshire is no longer a stock picker with great cash flow. Now a group of well-known businesses with cash to reinvest,” said Bill Smead, CIO of Smead Capital Management. “Losing Charlie and age have ended the era for Warren.”‘Not just an investor’While questions about Buffett’s future have become a key part of discussions about the company in recent years, there’s no question of the love for the CEO among shareholders. Meeting attendees sported shirts featuring Buffett’s likeness and shared their affection for his investing acumen and life advice in interviews. After announcing his plans to step down, the arena full of attendees — some of whom began lining up in the early hours of the morning for a chance to be in the room — gave him a standing ovation.Alex Harring | CNBCPolliana Elena Varnier wears a black hoodie with a photo of Warren Buffett.“We love the way he thinks and the way he lives,” said Brazil native Polliana Elena Varnier, who donned a black hoodie with Buffett’s face on it. “He’s not just an investor, he’s almost a philosophy.”Should Buffett exit his post, he leaves behind a legacy as both an internationally recognized business mogul and a local hero. Ross, the Berkshire shareholder and neighbor, said it’s hard to imagine what Omaha would look like without Buffett’s family.Ross’ bookstore, which is currently closed as the airport it’s housed in is under construction, has seen novels related to Buffett and Berkshire as some of its best sellers. He said the impact of Berkshire being based in Omaha boosts the community year-round: In addition to the tourism from the annual meeting, he’s seen travelers coming into town for meetings and to visit Berkshire’s multiple holding companies based there.“It’s been phenomenal for the city,” Ross said of Buffett and his conglomerate’s role in Nebraska’s largest city. “Thank God he moved back here from New York in the late ’50s.”

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs
2025-05-03

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs

Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets

2025-05-03

AP Business SummaryBrief at 10:37 a.m. EDT

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs

Warren Buffett's profits fall on wildfire losses as thousands line up to listen to him Saturday
2025-05-03

Warren Buffett's profits fall on wildfire losses as thousands line up to listen to him Saturday

Warren Buffett's company reported just over one-third of last year's profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions. The profit numbers were weighed down by...

University Park mansion debuts at $18.5M, leads DFW's luxury home listings
2025-05-03

University Park mansion debuts at $18.5M, leads DFW's luxury home listings

Even in the world of luxury real estate, some sellers are adjusting their strategies, with one lavish mansion in Dallas' Preston Hollow neighborhood recently knocking more than $1 million off its asking price. Despite that, DFW continues to lead Texas' priciest home listings in April, with five in the top 10. Check out the homes that made the April list.

War Between The US And Canada - Is It Now A Real Possibility?
2025-05-03

War Between The US And Canada - Is It Now A Real Possibility?

War Between The US And Canada - Is It Now A Real Possibility? Authored by Brandon Smith via Alt-Market.us,Reality is absolutely downstream from fiction. Did the creators of South Park predict the future in their 1999 comedy film? I think we’re all suddenly realizing that prognostication is easy – Simply imagine the most absurd scenario possible and eventually it’s going to come true because we’re living in clown world.A war between Canada and the US opening up a portal to hell might be a bit of a stretch, but recent events lead me to believe that there are very real ingredients coming together that could trigger an active conflict with our neighbors to the north. Furthermore, these factors do NOT necessarily revolve around the trade war; the trade war is secondary.There is something explosive going on under the surface of US/Canada relations and it could very well end with a US invasion to the north.Most conservatives have viewed Trump’s rhetoric on Canada becoming the 51st state as a joke or a troll. At least, initially. Trump himself said it was a joke in the beginning, but now he thinks it might be a good idea. For today, lets imagine that this is a real agenda for the Trump Administration and consider the pros and cons.The Cons1) Trump looks like an “empire builder” which is widely considered poor form in the 21st Century. Most conservatives prefer that America stick to the American sphere and deal with American problems first before trying to change the geopolitical landscape.2) An annexation of Canada would mean welcoming millions of Canadian leftists into the US as voting citizens. Who knows how this would affect the election demographics. It’s better to leave Canada as a steam valve so that leftist LEAVE the US and live there instead. America has been suffering under the weight of increasing progressive control, and now that we are finally turning the tide we don’t want to screw it up by importing a bunch of socialists from across the border.3) On the global stage, the leftist establishment will claim that any US expansion is proof of a rising “fascist regime”. Not that most Americans really care what the rest of the world thinks, but we do still have to engage in diplomacy and alliances and trade to a point. The more the fascism narrative grows the harder it will be to engage with other countries on civil terms, fair or not fair.The Pros1) The US already pays for Canada’s defense anyway. Their proximity to us keeps them safe from invasion. Their defense budget is a tiny $27 billion, compared to America’s $997 billion. Their military is minuscule, with 63,000 active members and 22,000 reserve compared to America’s 2.86 million active duty troops and nearly 800,000 in reserve.Canada has never needed an army because the US is their daddy. If Canada was annexed, the billions expended to keep the country safe would make more sense in our modern post-cold war era.2) Though there is a risk of bringing millions of leftists into US citizenship if Canada became the 51st state, there is also a good chance most of those people would leave the country and move overseas. Frankly, the less leftists reside in North America, the better off we all will be, and taking Canada might run them all off to another part of the world.3) Bringing Canada into the fold would make tariffs unnecessary, allow for more efficient resource development and help dig Canada out of the desperate economic slump they are currently trapped in. But an even more important factor is keeping Canada out of the hands of the globalists within the European Union, who have been courting the nation for years and seeking far closer political ties. In military strategy this is called “area denial”.The War ScenarioThis brings us to what I believe is a potential build-up to war between the US and our neighbor. The election of Mark Carney basically seals the deal.The former central banker is a notorious high ranking member of the World Economic Forum and a devout globalist. He has called for a global digital currency system and supports the cashless society concept. He will no doubt increase tensions with the US on every front from trade to border controls and he WILL get friendly with governments that are hostile to America.Upon his election win his first act was to attack the US and Trump, hinting at closer connections with the EU, not to mention refusing to negotiate on trade.The EU issue, I believe, is a hot spark in a hay bale. As I’ve noted in recent articles, the EU is without any doubt going full blown authoritarian because they know they can. The vast majority of Europeans are disarmed making any rebellion much more difficult.They are locking up political opponents and citizens that speak out. They are instituting a vast online censorship apparatus. They are importing millions of third world migrants that can be used as enforcers to keep the native population in line. They are openly talking about forced military conscription and are courting the idea of war with Russia.European governments are the enemy of all free people. This can only lead to bloody conflict in the future.By extension, Mark Carney, head of the Bank of England from 2013 to 2020, has deep connections to the European elites and is loyal to the WEF. I would not be surprised if he immediately organizes a campaign for Canada to join the EU, or, creates policies which give the EU a geopolitical foothold in North America. The union’s treaty currently requires that a country be a geographical part of Europe before it can join. There are also a number of obstacles for inclusion, but as we have seen with Ukraine, the EU is happy to bend or change the rules if it suits them.If membership is formed or a defense pact signed, the EU’s ongoing plan to create a “European Army” would then extend to Canada and put the US and Canada/Europe in a framework for escalation. Canada is working on such a defense deal with the EU right now.It’s important to understand that this war would start out as economic and quickly become ideological. The progressives believe that populist, nationalist and conservative movements are a “threat to democracy” (which means they are a threat to the globalist order). They view American conservatives as the last obstacle to their “Great Reset” (an agenda which Carney avidly supports) and they will do everything in their power to remove that obstacle.Carney WILL invite the EU to take a more active role in Canadian affairs and seek out their “protection”, economically as well as strategically. This would only exacerbate the diplomatic situation with the US and invite an American invasion.The tariffs will become perpetual under Carney because it’s unlikely he will seek honest negotiations. Rather, he will seek to provoke. Around 76% of Canada’s exports are sold to the US and there is no realistic replacement for this market. Canada does not have the means to ship their goods overseas without raising prices exponentially. They would lose their competitive trade advantage. Around 30% of Canada’s GDP relies on export sales. Canada’s economy will be destroyed by long term tariffs.This will inevitably lead to extra-economic retaliation; meaning, Canada will seek a means to hurt the US beyond reciprocal tariffs because tariffs will not help them. They will try to cut off oil exports to the US even though they have no alternative buyers. They will cut off the hydropower that they sell to states like New York, Minnesota and Michigan. They will try to interfere with US shipping lanes that cross into Canadian controlled waters (Great Lakes and St. Lawrence Seaway).Again, this would elicit a war response from the US and victory would be swift. The existing Canadian government would have zero chance of staying in power.For those that think a conflict with Canada sounds ridiculous, I would remind them that times are changing rapidly. What you might think of as the status quo for geopolitics today is over. As globalism breaks apart we are entering the wild west, so saddle up and sack up. There’s no room for normalcy bias anymore.I predict that within the next two years there will be serious talk of portions of Canada (like Alberta) seceding over to the US as Carney crushes citizens with carbon taxation, increased censorship, continued mass immigration and gun bans. The new Primer Minister will make every effort to make Canada as draconian as Europe.More progressive parts of Canada will pursue EU membership. And, the idea of war will not sound so crazy anymore. In fact, I suspect it will be a common debate around the average American and Canadian dinner table.Again, with a globalist ghoul like Mark Carney in control of Canada the chances for heightened tensions are immense and unfortunately a large enough percentage of Canadians are gullible enough to follow his lead thinking they can win. Make no mistake, a war with the globalists is brewing and Canada is currently leaning globalist. This might very well mean a conflagration between Americans and Canadians in the near future.* * *If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch. Learn more about it HERE.Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler DurdenFri, 05/02/2025 - 22:35

California the world’s fourth biggest economy? Not necessarily
2025-05-03

California the world’s fourth biggest economy? Not necessarily

Here's where California ranks in cost of living compared to the other states.e

United Airlines axes dozens of daily flights at Newark Airport over delays, FAA walk-offs: ‘No other choice’
2025-05-03

United Airlines axes dozens of daily flights at Newark Airport over delays, FAA walk-offs: ‘No other choice’

One flight from Boston to Newark was delayed over six hours.

2025-05-03

La última jornada de puertas abiertas de Holy Name Cemetery & Mausoleum les ofrece a las familias una última oportunidad para garantizar los precios de 2025

JERSEY CITY, N.J., 2 de mayo de 2025 /PRNewswire-HISPANIC PR WIRE/ -- A medida que avanza el año, se les exhorta a las familias a reflexionar sobre un tema importante: ¿Cómo serán recordados usted y sus seres queridos? Catholic Cemeteries of the Archdiocese of Newark invita a la comunidad...

2025-05-03

Teleflex Incorporated Announcement: If You Have Suffered Losses in Teleflex Incorporated (NYSE: TFX), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Teleflex Incorporated (NYSE:TFX) resulting from allegations that Teleflex may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Teleflex securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=38855 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.WHAT IS THIS ABOUT: On February 27, ...Full story available on Benzinga.com

2025-05-03

Trump on if US will enter a recession: ‘Anything can happen’ - The Hill

Trump on if US will enter a recession: ‘Anything can happen’ The HillTrump calls on Fed once again to lower rates after solid April jobs report CNBCTrump downplays recession fears, saying the U.S. would be 'OK' in the long term NBC NewsJobs Report Today: Trump Calls Again for Rate Cuts After Strong April Hiring, Steady Unemployment Barron'sTrump says US in transition period, downplays impact of short-term recession reuters.com

'I was just shocked' | Westwood resident gets help from city officials for expensive sidewalk repair bill
2025-05-03

'I was just shocked' | Westwood resident gets help from city officials for expensive sidewalk repair bill

A Westwood resident facing $2,700 in sidewalk repairs gets help from city officials after a WCPO 9 News report highlighted his struggle with tree root damage.

These Are All The Things People Use AI For In 2025
2025-05-03

These Are All The Things People Use AI For In 2025

These Are All The Things People Use AI For In 2025 Thought leaders dubbed ChatGPT’s emergence - and subsequent generative AI proliferation - as the “fourth industrial age.”Whether it will re-shape the economy entirely still remains to be seen. But there’s no denying that most people are familiar with, and are actively using AI.What are they using it for?This ranking tracks the most popular AI use cases as sourced from an analysis done by Marc Zao-Sanders for Harvard Business Review. He examined thousands of forum posts over the last year in a follow-up to his 2024 analysis.The top 30 ranks from this report have been visualized in this graphic via Visual Capitalist's Pallavi Rao. Labels have been edited lightly from the source for readability. This visualization is part of Visual Capitalist’s AI Week, sponsored by Terzo.Here’s How Everyone is Using AI in 2025People are using AI for support (both professional and personal) in 2025In fact, the top three use cases (therapy, life organization, and finding purpose) all show that AI can assist humans in managing both emotions and their life.2024Use CaseCategory2025Use CaseCategory1Generate IdeasContentCreation1Therapy & CompanionshipSupport2Therapy & CompanionshipSupport2Organize LifeSupport3Specific SearchResearch& Analysis3Find PurposeSupport4Edit textContentCreation4Enhance LearningLearning &Education5Explore InterestsLearning &Education5Generate CodeTechnicalAssistance6Fun & NonsenseCreativity &Recreation6Generate IdeasContentCreation7TroubleshootTechnicalAssistance7Fun & NonsenseCreativity &Recreation8Enhance LearningLearning &Education8Improve CodeTechnicalAssistance9Personalize LearningLearning &Education9CreativityContentCreation10General adviceSupport10Healthy LivingSupport11Draft emailsContentCreation11Interview PreparationLearning &Education12ExplainersLearning &Education12Generate ImagesCreativity &Recreation13Write & Edit RésuméSupport13Specific SearchResearch& Analysis14Excel FormulasTechnicalAssistance14ExplainersLearning &Education15Email WritingContentCreation15Cooking GuidanceCreativity &Recreation16Evaluate CopyResearch& Analysis16TroubleshootTechnicalAssistance17Improve DecisionsResearch& Analysis17Personalize LearningLearning &Education18TranslationTechnicalAssistance18Boost ConfidenceSupport19Improve CodeTechnicalAssistance19Email WritingContentCreation20Draft DocumentContentCreation20Explain LegaleseTechnicalAssistance21NavigatePersonal DisputesSupport21Child EntertainmentCreativity &Recreation22Summarize ContentLearning &Education22Corporate LLMSupport23Make a ComplaintSupport23Student EssaysLearning &Education24RecommendationsCreativity &Recreation24Travel ItinerarySupport25Cooking GuidanceCreativity &Recreation25Childcare HelpCreativity &Recreation26Generate AppraisalsContentCreation26Medical AdviceSupport27CreativityContentCreation27Navigate Personal DisputesSupport28Medical AdviceSupport28Generate Legal DocumentContentCreation29GenerateLegal DocumentContentCreation29ConversationsSupport30Fix CodeTechnicalAssistance30Anti-trollingContentCreationAnd aside from therapy, these were not the top uses in 2024: which revolved around idea generation and search.Speaking of AI search, its popularity has fallen 10 spots. People are still interested in learning and making AI explain concepts or add context for them. But they’re not actively looking up information as much.(This may also be because of Gemini’s integration in Google Search).AI For Mental Health: Good or Bad?With mental health support severely underfunded and the Loneliness Epidemic only continuing, it’s no surprise AI has emerged as a viable outlet for people to get some support in their life.Experts say they can see its usefulness for teaching mindfulness or cognitive behavioral therapy to users.However, the problem occurs when AI is used as a replacement for actual human relationships, preventing deeper human connections, in turn exacerbating loneliness.Need More AI Insights? From our AI Week coverage, brought to you by Terzo, check out the Countries Accumulating the Most AI Patents and much more on the AI content hub and discover where the future of AI is going to emerge. Tyler DurdenFri, 05/02/2025 - 22:10

The scoop on Portland’s new boozy ice cream shop
2025-05-03

The scoop on Portland’s new boozy ice cream shop

The "barlour" offers alcohol-infused ice cream in all forms, including a Portland-exclusive flavor of Marionberry Martini ice cream with Wild Root.

San Jose: Man dies of injuries he suffered in 2023 crash
2025-05-03

San Jose: Man dies of injuries he suffered in 2023 crash

The two-vehicle collision happened at the intersection of Berryessa and Piedmont roads.

2025-05-03

United Airlines Cancels 35 Roundtrip Flights From Newark After ATC Staffers Take Leave - Simple Flying

United Airlines Cancels 35 Roundtrip Flights From Newark After ATC Staffers Take Leave Simple FlyingNewark Airport bogged down with flight delays, cancellations amid staffing issues; United canceling 35 round-trip flights ABC7 New YorkUnited Airlines Cancels Newark Flights Over FAA Staffing WSJUnited to cancel 35 roundtrip flights a day at EWR after ongoing FAA equipment, staffing issues: CEO NBC New YorkMajor delays at Newark Airport roll into fifth day as FAA cites air traffic control staffing issues CNN

Hershey opens new chocolate plant as part of $1B supply chain upgrade
2025-05-02

Hershey opens new chocolate plant as part of $1B supply chain upgrade

Dive Brief:Hershey opened a 250,000-square-foot chocolate processing facility in Hershey, Pennsylvania, the company's first new manufacturing plant in the city in more than 30 years, per an April 16 emailed press release.The Reese Chocolate Processing facility, named after brand founder H.B Reese, took nearly three years to complete. It will provide chocolate for brands such as Reese’s, Kit Kat and Hershey’s.The confection and salty snacks maker said the project is part of a multi-year, $1 billion investment that also includes the addition of 13 production lines and the upgrading of 11 existing lines across Hershey’s North American facilities.Dive Insight:As companies look to boost production and improve the efficiency of their existing supply chain, more are adding, expanding or even closing older facilities across their networks.The new Hershey’s plant is located on a 55-acre site that is part of the company’s existing Reese’s campus. The site has nearly 100 full-time employees and will add more positions as operations expand.“Our ability to make and deliver products both quickly and efficiently is a key component of our growth strategy,” Will Bonifant, vice president of supply chain strategy and manufacturing at Hershey, said in a statement. “We’ve made significant investments to speed production, increase capacity and develop our workforce for the future to make more of the iconic brands consumers love.”Hershey has recently stepped-up efforts to boost innovation across its portfolio that includes everything from Kisses and Reese’s to gummies and Dot’s pretzels. While Hershey has used M&A to expand its portfolio, a major part of its ability to innovate comes from efforts it has taken to grow production capacity.In 2023, for example, Hershey purchased two popcorn operations from a co-manufacturer to increase production capacity and flexibility for its SkinnyPop brand. And when it purchased Dot’s in 2021, a key part of that $1.2 billion deal was buying manufacturing locations to increase output as demand increased.

2025-05-02

Prime Focus Group Strikes Deal with Government of Maharashtra to Develop a New Global Entertainment Ecosystem in Mumbai

Prime Focus Group, in collaboration with Maharashtra Gov, proposes an investment of 3000crs (approx $400m USD) in infrastructure development in MumbaiInvestment will create the world's most technologically advanced and digitally connected content creation ecosystem at the heart of one of the world's oldest filmmaking industriesThe new hub, which will also feature world-class entertainment and lifestyle experiences, is designed to attract both domestic and international tourism The multi-year project is expected to create thousands of highly skilled jobs in the regionMUMBAI, India, May 02, 2025 (GLOBE NEWSWIRE) -- Prime Focus Group (‘the Group'), the world's largest independent integrated media services powerhouse, in collaboration with the Government of Maharashtra, announced today that it intends to develop a new global entertainment destination at the heart of India's filmmaking industry in Mumbai.The announcement outlines an investment of 3000crs (approximately $400m USD) in the development of a new entertainment ecosystem, creating a unique destination for content creators, tourists, and fans of entertainment from all over the world, and creating thousands of highly skilled jobs in the region.Prime Focus, established in 1997 by founder Namit Malhotra and listed on both the National and Bombay Stock Exchanges of India, is the parent company of the Prime Focus Group, which includes eight-time Academy Award©-winning visual effects and animation company DNEG, AI technology company BRAHMA, and content financing and production company Prime Focus Studios.The facilities proposed for the new site include:world-class production studios to facilitate high-end content ...Full story available on Benzinga.com

2025-05-02

AP Business SummaryBrief at 10:47 a.m. EDT

US robot makers hope to beat China in humanoid race. Tariffs could affect their ambitions

Equinor Offloads Major Stake in Brazilian Oil Field In $3.35 Billion Exit
2025-05-02

Equinor Offloads Major Stake in Brazilian Oil Field In $3.35 Billion Exit

Equinor ASA (NYSE:EQNR) subsidiary, Equinor Brasil Energia, on Thursday, planned to sell its 60% operated interest in the Peregrino field in Brazil to Prio Tigris for $3.35 billion.The payment will be made in two tranches: $2.23 billion (plus a contingent of $166 million upon completion of the second part) for 40% and operatorship, and $951 million for the remaining 20% plus up to $150 million in interest could be added.The deal’s effective date is January 1, 2024, with the final cash payment adjusted accordingly.Equinor will continue to operate the Peregrino field until the transaction Veronica Coelho, Senior Vice President and Country Manager for Equinor Brazil, is finalized, at which point PRIO will assume operatorship.Philippe Mathieu, Executive Vice President for Exploration and Production International at Equinor, said, “Brazil will continue to be a core country for ...Full story available on Benzinga.com

The 3 most common lead generation mistakes and how to avoid them
2025-05-02

The 3 most common lead generation mistakes and how to avoid them

Generating high-quality leads isn’t easy, but it’s one of the most critical aspects of growing a successful business. Yet, even the best marketers can make mistakes in their lead-generation strategies that cost them potential customers.At the recent Developing a Winning B2B Lead Generation Strategy for 2025 virtual event, industry experts, former HubSpot Vice President of Revenue Marketing (now Vice President of Growth & Demand at Gong) Beau Vasquez, The Business Journals Content Studio Executive...

VICTOR DAVIS HANSON: The Trump Counterrevolution And The Moral Ledger
2025-05-02

VICTOR DAVIS HANSON: The Trump Counterrevolution And The Moral Ledger

'So, too, on trade, the Trump administration is in the right.'

2025-05-02

Employers added a surprising 177,000 jobs as job market shows resilience. Unemployment stays at 4.2%

American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars. Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations...

Employers added a surprising 177,000 jobs as job market shows resilience
2025-05-02

Employers added a surprising 177,000 jobs as job market shows resilience

American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars.

IRS unveils new HSA limits for 2026. Here's what investors need to know
2025-05-02

IRS unveils new HSA limits for 2026. Here's what investors need to know

A major footwear trade group sent a letter to President Donald Trump this week asking him to exempt shoes from his so-called “reciprocal tariffs.” Brands like Nike, Adidas and Skechers co-signed the letter. The letter claimed the tariffs pose an “existential threat” to footwear businesses and families and that under the scheme inventories would soon run low. America’s largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America trade group sent a letter to the White House this week asking for an exemption to Trump’s so-called “reciprocal tariffs,” which the association said pose an “existential threat” to the footwear industry. The letter is signed by 76 footwear brands, including Nike, Adidas, Skechers and Under Armour.“Many companies making affordable footwear for hardworking lower and middle-income families cannot absorb tariff rates this high, nor can they pass along these costs. Without immediate relief from the reciprocal tariffs they will simply shutter,” reads the letter, which is dated April 29.“Many orders have been placed on hold, and footwear inventory for U.S. consumers may soon run low,” the trade group said.Trump’s wide-sweeping tariffs, announced on April 2, included levies on several countries that are important sources for footwear suppliers, including China, Vietnam and Cambodia. While the initial tariff rates of over 45% for Vietnam and Cambodia were lowered to 10% for a 90-day period, the Trump administration has only ratcheted up duties on Chinese imports, which are now subject to an effective tariff rate of 145%.Trump’s higher tariffs on dozens of trade partners are set to resume in early July.Adidas previously warned this week that tariffs would lead to higher prices for American consumers. In late March, before the specific reciprocal tariff rates were announced, Nike’s finance chief said global levies and economic uncertainty would result in lower current-quarter sales.The footwear association’s letter said the industry had already been facing significant duties on products like children’s shoes before Trump announced his broad tariffs. In total, U.S. footwear companies will face tariffs ranging from 150% to about 220%, the trade group said.“This is an emergency that requires immediate action and attention. The American footwear industry does not have months to adjust business models and supply chains while absorbing this unprecedented and unforeseen tariff regime,” the association wrote.The group further warned that the tariffs won’t result in bringing manufacturing back to the U.S., as Trump has promised, because they erase the certainty that businesses require in order to invest in sourcing changes.The White House didn’t immediately respond to a CNBC request for comment.

Most US-Bound iPhones Will No Longer Be Made in China, Says Apple
2025-05-02

Most US-Bound iPhones Will No Longer Be Made in China, Says Apple

Apple CEO Tim Cook told investors in a second quarter earnings call that the company will import the bulk of its phones for the American market from India.

2025-05-02

MLC BREAKS GROUND ON NEW OPERATION IN BONNE TERRE, MO FOR DOLOMITIC LIME

ST. LOUIS, May 1, 2025 /PRNewswire/ -- Leaders from MLC and its parent company, HBM Holdings, broke ground on a historic investment at MLC's Bonne Terre, Mo. location for dolomitic lime. MLC is completely refurbishing the site, a project that...

Resource centre hosts inaugural First Nation natural resource forum
2025-05-02

Resource centre hosts inaugural First Nation natural resource forum

The Saskatchewan First Nations Natural Resource Centre of Excellence announced the inaugural First Nations Energy and Natural Resource Forum, a three-day event [...]The post Resource centre hosts inaugural First Nation natural resource forum appeared first on Canadian Mining Journal.

Cleveland's Celebrezze Federal Building slated for 'accelerated disposition'
2025-05-02

Cleveland's Celebrezze Federal Building slated for 'accelerated disposition'

The federal government has set its sights on a prominent Cleveland landmark as part of a broader initiative to streamline its real estate holdings.

Trump's Newest Iran Sanctions Another Shot Across China's Bow
2025-05-02

Trump's Newest Iran Sanctions Another Shot Across China's Bow

Trump's Newest Iran Sanctions Another Shot Across China's Bow Thursday saw President Trump and the US Treasury unleash a new sanctions pile-on against Iran, with a new rollout of secondary sanctions targeting Iranian oil and petrochemical products, sending crude prices higher on the day..."They will not be allowed to do business with the United States of America in any way, shape, or form," the President wrote on Truth Social in combination with a Treasury statement. It's as yet unclear precisely how such sanctions will be implemented, with the most extreme or 'nuclear option' being naval intervention against vessels transporting Iranian oil.Chinese Vice Premier Ding Xuexiang meets with Iran's Foreign Minister Seyed Abbas Araghchi in Beijing last month. Yin Bogu/Xinhua via Getty ImagesThe main warning and teeth behind it centers on the threat that any nation buying oil or petrochemicals from the Islamic Republic will be barred from doing any business with the US."Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions," Trump stated in the post. Oil had quickly jumped 2% on the mid-afternoon announcement.Trump is clearly setting out to negotiate from a position of "strength" amid his maximum pressure campaign, aimed at getting Tehran to sign on to a fresh nuclear agreement.Talks have apparently hit some logistical hurdles, or perhaps Trump's new secondary sanctions have resulted in jitters and renewal of anger and lack of trust from Iranian leadership:A fourth round of Iran-US talks over Tehran's nuclear program has been postponed.Iran said the two countries, along with facilitators Oman, had jointly decided to postpone Saturday's meeting in Rome for "logistical and technical reasons". The US said the timing of the talks had not been confirmed in the first place.Is this an intentional stall?Surely it's also a shot across China's bow, given that it imports over a million barrels per day from Iran, and for years amid Tehran's isolation has been the biggest buyer of Iranian crude.As for when US-Iran talks might resume, after relatively 'positive' prior recent rounds, Iran's Foreign Minister Seyed Abbas Araghchi emphasized Thursday on X that Tehran's "determination to secure a negotiated solution" had not changed.Kpler & TankerTrackers.comHe wrote: "In fact, we are more determined than ever to achieve a just and balanced deal: guaranteeing an end to sanctions, and creating confidence that Iran's nuclear program will forever remain peaceful while ensuring that Iranian rights are fully respected." Tyler DurdenThu, 05/01/2025 - 22:35

2025-05-02

US stock futures turn positive as China signals potential trade talks - Investing.com

US stock futures turn positive as China signals potential trade talks Investing.comView Full Coverage on Google News

Hubbell-Wiegmann plant to close by 2026; 110 workers to be laid off
2025-05-02

Hubbell-Wiegmann plant to close by 2026; 110 workers to be laid off

More than 100 people in one Metro East community will soon be out of a job after their employer announced plans to close next year.Since 1958, the Hubbell-Wiegmann plant has been a staple in Freeburg. “They manufacture electrical boxes, like disconnect boxes for your air conditioner,” Freeburg Mayor Seth Speiser said. The company also makes larger electrical enclosures and power systems.Speiser admitted there have been multiple rumors over the years that the plant would close.“Recently,...

CNBC Daily Open: Signs of weakness in Apple and Amazon's earnings
2025-05-02

CNBC Daily Open: Signs of weakness in Apple and Amazon's earnings

China said it is assessing overtures by U.S. authorities over negotiations for a trade deal. Apple reported second-fiscal-quarter earnings Thursday that beat expectations. Amazon reported better-than-expected results for the first quarter. Standard Chartered reported first-quarter earnings that exceeded analyst estimates. U.S. stocks advanced Thursday, boosted by jumps in Meta Platforms and Microsoft. Rallies in Microsoft and Meta have reignited enthusiasm over artificial intelligence.For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. (Tesla’s long-promised full self-driving is still in the process of helping the electric vehicle company cross the line.)That said, the financial results of both Apple and Amazon had some weaknesses under the hood. Apple’s Services division, which comprises offerings such as advertising, iCloud and Apple TV+, fell short of estimates. That matters because it’s the second-highest revenue generator for Apple, trailing only its iPhone division. As for Amazon, its cloud division — the largest cloud provider in the world — failed to meet revenue expectations for the third time in a row, suggesting growth is slowing.CEOs of both companies also flagged the challenge in predicting how tariffs will affect not just the current quarter, but also the year ahead. Despite the excitement shown by investors over Microsoft and Meta — as seen in rallies in those companies’ shares Thursday — potholes still exist for Big Tech’s road ahead.Note: CNBC Daily Open will be away on May 5, Monday, for the holiday in Singapore. The newsletter will return May 6, Tuesday.What you need to know todayChina assessing U.S. offer to negotiateSenior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start negotiations with China on tariffs, a spokesperson for Beijing’s commerce ministry said in a statement Friday. Chinese authorities said they are evaluating the overtures, but reiterated their request for the U.S. to remove all unilateral tariffs. Analysts also cautioned that reaching a comprehensive deal will be complex and time-consuming.Apple’s Services earnings missed expectationsApple reported second-fiscal-quarter earnings Thursday that beat Wall Street expectations. However, the company’s closely watched Services division fell short of estimates, and CEO Tim Cook said it’s “very difficult” to predict the impact of tariffs beyond June. Separately, Apple said it would appeal after a court found that the company willfully violated a 2021 injunction that came out of the Epic Games trial.Cloud growth at Amazon slowsAmazon reported better-than-expected results for the first quarter. But revenue at Amazon Web Services grew at a slower pace than expected, a third straight revenue miss. The company issued light guidance, noting that “tariffs and trade policies” and “recessionary fears” could cause its forecast to change. Still, CEO Andy Jassy said he’s “optimistic” the company could emerge from the uncertainty stronger.Standard Chartered exceeds estimatesStandard Chartered reported Friday first-quarter earnings that beat profit expectations, thanks to strong growth in its wealth management, global markets. and global banking businesses. The bank’s profit before taxation for the three months ended March was $2.1 billion, up from $1.91 billion in the same period a year ago. Investors cheered the results, sending Hong Kong-listed Standard Chartered shares 2.75% higher.Big Tech stocks boost U.S. indexesU.S. stocks advanced Thursday, boosted by jumps in Meta Platforms and Microsoft shares after the companies reported rosy earnings. The S&P 500 gained 0.63%, the Dow Jones Industrial Average added 0.21% and the tech-heavy Nasdaq Composite climbed 1.52%. Asia-Pacific markets rose Friday. Hong Kong’s Hang Seng Index added roughly 1.7% on news that China is evaluating the prospect of talks with the U.S.[PRO] Is Big Tech back? A pair of strong earnings reports from Microsoft and Meta appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors’ minds. However, some market watchers think Microsoft’s breakout rally is unique.And finally...Sedat Suna | Getty Images News | Getty ImagesThe Roche Holding AG headquarters on April 11, 2025, in Basel, Switzerland.Inside the deal: Roche and Zealand Pharma’s $5.3 billion obesity drug gambitThe ballooning obesity drug market may have a new contender after Roche struck a $5.3 billion deal to develop Danish biotech Zealand Pharma’s “next generation” weight loss candidate.The deal, announced in March and set to close in the second quarter, marks the Swiss pharmaceutical company’s latest bid to compete with weight loss heavyweights Novo Nordisk and Eli Lilly. Roche has been building portfolio of obesity treatment drugs in recent years.Zealand Pharma’s petrelintide amylin analog could set the prospective drug apart. Amylin analogs, a nascent form of weight loss treatment, mimic a hormone co-secreted with insulin in the pancreas to increase satiety. This differs from currently prevalent GLP-1 obesity drugs such as Zepbound and Wegovy, which mimic incretin hormones produced in the gut to suppress appetite.

Mining People: Argenta Silver, Cornish Metals, FPX Nickel, Homeland Uranium, Liberty Gold, Sonoran Desert Copper, ESGold, Integral Metals, NEO Battery Materials
2025-05-02

Mining People: Argenta Silver, Cornish Metals, FPX Nickel, Homeland Uranium, Liberty Gold, Sonoran Desert Copper, ESGold, Integral Metals, NEO Battery Materials

Management changes announced this week: Argenta Silver appointed Joaquin Marias as the company’s new president and CEO. Aris Mining announced Richard Orazietti will [...]The post Mining People: Argenta Silver, Cornish Metals, FPX Nickel, Homeland Uranium, Liberty Gold, Sonoran Desert Copper, ESGold, Integral Metals, NEO Battery Materials appeared first on Canadian Mining Journal.

Kohl’s fires CEO Ashley Buchanan for cause
2025-05-01

Kohl’s fires CEO Ashley Buchanan for cause

Undisclosed conflicts of interest cited by the department store chain.

A major change is coming to ChatGPT that users will hate
2025-05-01

A major change is coming to ChatGPT that users will hate

The team behind the popular chatbot is taking a major step that may be controversial.

Can Spotify Get Back to Growth in 2025?
2025-05-01

Can Spotify Get Back to Growth in 2025?

User growth was disappointing, but Spotify is still the best company in music.

2025-05-01

Charted: How Daily Incomes Have Changed in Top Economies (1994-2024) - Visual Capitalist

Charted: How Daily Incomes Have Changed in Top Economies (1994-2024) Visual Capitalist

2025-05-01

ABC Supply Roars into May with a $4 Million Goal—and a $1 Million Match—for Homes For Our Troops!

Taunton, MA, May 01, 2025 (GLOBE NEWSWIRE) -- Start your engines and get ready for the greatest spectacle in racing as we fuel the mission to support our nation's severely injured post-9/11 Veterans! For the fourth straight year, the national nonprofit Homes For Our Troops (HFOT) will be featured during the 109th running of the Indianapolis 500 presented by Gainbridge on Sunday, May 25, 2025!HFOT's Platinum Partner, ABC Supply Co. Inc., is racing towards a fundraising goal of $4 million and will also match all donations made to HFOT up to $1 million total for the entire month of May — also National Military Appreciation Month — from Thursday, May 1, through Saturday, May 31. ABC Supply is putting HFOT in the Indy 500 spotlight, gifting the livery of the No. 14 AJ Foyt Racing Chevrolet—a head-turning red-white-and-blue rocket piloted by fan-favorite Santino Ferrucci and sponsored by ABC Supply. Every lap Ferrucci runs amplifies HFOT's life-changing work: building and donating specially adapted custom homes so severely injured post-9/11 Veterans can rebuild their lives with dignity and independence. To date, ABC Supply has raised over $12 million for HFOT through its annual Indy 500 fundraiser."Homes For Our Troops' Platinum Partner ABC Supply is once again pledging their commitment to our nation's Veterans by spotlighting HFOT during the 109th running of the Indy 500 in 2025," says HFOT President and CEO Brigadier General (Ret) Tom Landwermeyer. "Their fundraising goal of $4 million with a $1 million match advances our mission of Building Homes and Rebuilding Lives, enabling us to get even more severely injured post-9/11 Veterans and their families ...Full story available on Benzinga.com

2025-05-01

Fichtner Home Exteriors Marks 14 Consecutive Years as Central Maryland's Most Trusted Roofer in "What's Up? Media's" Best of Annapolis Awards

ANNAPOLIS, Md., May 1, 2025 /PRNewswire/ -- Fichtner Home Exteriors, an Annapolis-based leader in roofing and exterior home improvements, has solidified its legacy as a cornerstone of trust and quality. For an extraordinary 14th consecutive year, the company has been voted #1 roofer,...

2025-05-01

Mene Inc. Reports Financial Results for the Fourth Quarter and Year Ended 2024

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today announced financial results for the fourth quarter and year ended December 31, 2024. All amounts expressed herein reflect Canadian dollars unless otherwise noted.

Trump Blames GDP Contraction On Biden 'Overhang': 'Nothing To Do With The Tariffs'
2025-05-01

Trump Blames GDP Contraction On Biden 'Overhang': 'Nothing To Do With The Tariffs'

President Donald Trump deflects blame for the U.S. economy's 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise.What Happened: On Wednesday, Trump posted on Truth Social, blaming former President Joe Biden for the country’s Gross Domestic Product (GDP) contracting by 0.3% during the first quarter. This marks the first GDP contraction for the country in three years.Trump, who assumed office on Jan. 20, 2025, claimed in the post that “This is Biden's stock market, not Trump's,” and insisted the contraction “has nothing to do with the tariffs.”Full story available on Benzinga.com

2025-05-01

AP Business SummaryBrief at 10:42 p.m. EDT

Trump company strikes Qatari golf resort deal in a sign it's not holding back from foreign business

2025-05-01

AP Technology SummaryBrief at 10:42 p.m. EDT

Visa wants to give artificial intelligence 'agents' your credit card

Court sides with Fortnite maker Epic as Apple sanctioned for defying order in App Store case
2025-05-01

Court sides with Fortnite maker Epic as Apple sanctioned for defying order in App Store case

A federal judge has found that Apple violated a court injunction in an antitrust case filed by Fortnite maker Epic Games. Judge Yvonne Gonzalez Rogers had ordered Apple to lower the barriers protecting its previously exclusive payment system for in-app...

2025-05-01

Microsoft to Continue Building Data Centers as Cloud and AI Lead Growth - PYMNTS.com

Microsoft to Continue Building Data Centers as Cloud and AI Lead Growth PYMNTS.comMicrosoft Q3 preview: Wall Street, amid tariff fears, is looking for proof AI is paying off Yahoo FinanceMicrosoft shares jump 9% on earnings and revenue beat, uplifting forecast CNBCMicrosoft Smashes March-Quarter Targets On Cloud, AI Gains Investor's Business DailyMicrosoft Flexes Muscle in Cloud, Office and Windows as Earnings Jump WSJ

Trump says diversity initiatives undermine merit. Decades of research show this is flawed
2025-04-30

Trump says diversity initiatives undermine merit. Decades of research show this is flawed

US President Donald Trump declared earlier this year he would forge a "color blind and merit-based society."

American car company takes drastic action in response to tariffs
2025-04-30

American car company takes drastic action in response to tariffs

The car company is feeling pain, but it did throw investors a lifeline Tuesday.

2025-04-30

Continental Pump Company and Integrity Pump & Motor Partner to Form Kinetiflo Group

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Apr 30, 2025--

$1000 Invested In Jones Lang LaSalle 5 Years Ago Would Be Worth This Much Today
2025-04-30

$1000 Invested In Jones Lang LaSalle 5 Years Ago Would Be Worth This Much Today

Jones Lang LaSalle (NYSE:JLL) has outperformed the market over the past 5 years by 3.17% on an annualized basis producing an average annual return of 16.98%. Currently, Jones Lang LaSalle has a market capitalization of $10.85 billion. Buying $1000 In JLL: ...Full story available on Benzinga.com

Walmart is selling a $1,299 electric scooter for $330, and shoppers call it 'great' for everyday use
2025-04-30

Walmart is selling a $1,299 electric scooter for $330, and shoppers call it 'great' for everyday use

"This is the best scooter in the price range, hands down."

InventHelp Inventor Develops New Shin Guards for Catchers (LJD-476)
2025-04-30

InventHelp Inventor Develops New Shin Guards for Catchers (LJD-476)

PITTSBURGH, April 30, 2025 /PRNewswire/ -- "I wanted to create new shin guards that would provide added cushioning and protection for a catcher when squatting," said an inventor, from East Meadow, N.Y., "so I invented the RIVERA SHIN GUARD. My design reduces physical strain, and it...

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Variable Frequency Drive (VFD) Quadrant Report 2025
2025-04-30

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Variable Frequency Drive (VFD) Quadrant Report 2025

DELRAY BEACH, Fla., April 30, 2025 /PRNewswire/ -- 360Quadrants has released its latest Variable Frequency Drive (VFD) Startups and SMEs Quadrant Report – 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product...

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